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EIN 36-4313685

World Business Chicago

IRS 501(c) type
501(c)(3)
Num. employees
70
City
Chicago
State
Illinois
Year formed
1999
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
World Business Chicago drives inclusive economic growth, supports business expansion, and promotes the city as a global leader through strategic partnerships and resources.
Total revenues
$13,132,683
2023
Total expenses
$13,484,230
2023
Total assets
$11,676,169
2023
Num. employees
70
2023

Program areas at World Business Chicago

World Business Chicago (wbc) drives economic growth through three main areas: Business attraction and retention, inclusive economic growth and jobs, international strategic initiatives and cultural exchange through the Chicago sister cities program.

Grants made by World Business Chicago

GranteeGrant descriptionAmount
Civic Consulting AllianceMayoral Transition Plan Grant$100,000
Chicago Neighborhood InitiativesCCT Invest Southwest Design Grant$75,000
The Community Builders (TCB)CCT Invest Southwest Design Grant$25,000
...and 2 more grants made

Who funds World Business Chicago

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Chicago Community TrustGeneral Operating Support, Support for Gala (No Tickets Or Tangible Benefits)$470,000
New Venture FundTechnology and Innovation$150,000
The Future Wanxiang FoundationGeneral Support$100,000
...and 17 more grants received

Personnel at World Business Chicago

NameTitleCompensation
Philip B. ClementPresident and Chief Executive Officer
Abin KuriakoseChief Strategy and Innovation Officer$157,066
Elle RamelChief of Staff and Inclusive Partnerships
Kyle SchulzChief Growth Officer$153,645
Carrie SimmonsVice President , Operations and Human Resources$152,668
...and 32 more key personnel

Financials for World Business Chicago

RevenuesFYE 12/2023
Total grants, contributions, etc.$12,401,001
Program services$864,230
Investment income and dividends$67,837
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-217,350
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$16,965
Total revenues$13,132,683

Form 990s for World Business Chicago

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2019-122021-04-01990View PDF
...and 10 more Form 990s
Data update history
January 7, 2025
Updated personnel
Identified 20 new personnel
January 6, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2025
Used new vendors
Identified 4 new vendors, including , , , and
December 28, 2024
Received grants
Identified 4 new grant, including a grant for $71,352 from Will County Center for Economic Development (CED)
September 25, 2024
Updated personnel
Identified 21 new personnel
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Fundraising eventsOperates internationallyState / local levelReceives government fundingCommunity engagement / volunteeringGala fundraisersTax deductible donationsAccepts online donations
General information
Address
180 N Lasalle St 2505
Chicago, IL 60601
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
worldbusinesschicago.com/ 
Phone
(312) 553-0500
Facebook page
WorldBusinessChicago 
Twitter profile
@worldbizchicago 
IRS details
EIN
36-4313685
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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